Cwm LLC Buys 452 Shares of Entegris, Inc. (NASDAQ:ENTG)

Cwm LLC lifted its position in Entegris, Inc. (NASDAQ:ENTG) by 18.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,960 shares of the semiconductor company’s stock after purchasing an additional 452 shares during the quarter. Cwm LLC’s holdings in Entegris were worth $333,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Entegris by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,085,147 shares of the semiconductor company’s stock valued at $1,838,988,000 after purchasing an additional 916,420 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Entegris in the second quarter worth approximately $42,087,000. American Century Companies Inc. raised its holdings in Entegris by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 1,523,824 shares of the semiconductor company’s stock valued at $206,326,000 after buying an additional 256,186 shares during the last quarter. Swedbank AB raised its holdings in Entegris by 520.3% during the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock valued at $40,669,000 after buying an additional 251,938 shares during the last quarter. Finally, Norden Group LLC boosted its position in Entegris by 2,200.1% during the 1st quarter. Norden Group LLC now owns 224,260 shares of the semiconductor company’s stock valued at $31,518,000 after buying an additional 214,510 shares during the period.

Entegris Trading Up 1.1 %

Shares of NASDAQ:ENTG opened at $104.36 on Tuesday. Entegris, Inc. has a 1 year low of $84.13 and a 1 year high of $147.57. The stock’s fifty day moving average price is $110.65 and its 200-day moving average price is $123.38. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. The company has a market cap of $15.74 billion, a P/E ratio of 50.17, a PEG ratio of 1.48 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The company had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Sell-side analysts expect that Entegris, Inc. will post 3.13 earnings per share for the current year.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ENTG shares. BMO Capital Markets cut their price objective on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and upped their target price for the stock from $119.00 to $130.00 in a report on Monday, September 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Mizuho raised Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.40.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).